Fitch affirms CCU

Fitch Ratings said it affirmed the A- foreign and local currency credit ratings of Compania Cervecerias Unidas SA (CCU).

The outlook is stable.

CCU's investment-grade ratings are supported by the company's dominant position in the Chilean beer market and its conservative capital structure, Fitch said. The product and geographic diversification of the company's cash flow from operations further supports the ratings.

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